Daily Market Report 8/25/15

GOLD

Today, as the U.S. Dollar strengthens against many of the world’s currencies and equity markets around the globe rallied, the Gold market corrected. After Gold rallied from $1,072 a month ago to $1,167 last week the price corrected to $1,134 per ounce this morning. At 11am PDT today, Gold is trading at $1,140 per ounce, down $15 per ounce on excellent volume.

SILVER

Silver showed heavy demand on Asian markets this morning when the price reached a low of $14.56 per ounce. Considering Gold’s $16 decline this morning, Silver behaved very well. At 11am PDT today, Silver is down $0.18, trading at $14.72 per ounce on normal volume.